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BEGIN:VEVENT
DTSTART;VALUE=DATE:20260217
DTEND;VALUE=DATE:20260221
DTSTAMP:20260510T043533
CREATED:20251023T120933Z
LAST-MODIFIED:20251023T120933Z
UID:10000570-1771286400-1771631999@avoe.at
SUMMARY:EAA Web Session CERA\, Module A: Quantitative Methods of ERM
DESCRIPTION:The 4-day web session assists actuaries in broadening their knowledge about modern\nquantitative financial and actuarial modelling; these topics form an essential part of the CERA syllabus. At the beginning of the online training we give a brief overview of the EAA-route to the CERA designation. The core part of the web session begins with an introduction to the modern theory of risk measures. Next\, a number of statistical techniques are discussed\, that are highly\nactuarial-academy.com relevant for the analysis of actuarial and financial data and for the model-building process in risk management. Among others\, we will consider extreme value theory\, dependence modelling\, copulas\, and various aspects of integrated risk management. The training continues with an introduction to the modelling and the management of interest rate and credit risk. In particular\, participants will learn how to price simple interest options or Credit Default Swaps\, how to account for counterparty risk and how to deal with credit portfolio risk.\nThe web session consists of lectures and exercise sessions. In fact\, exercise sessions\, where various exercises and supplementary examples are discussed\, form an integral part of the seminar: they help the participants to understand the qualitative and quantitative techniques introduced in the lectures\, and they are a key element in the preparation for the CERA exam.
URL:https://avoe.at/event/eaa-web-session-cera-module-a-quantitative-methods-of-erm-5/
LOCATION:Online/Streaming
CATEGORIES:European Actuarial Academy (EAA)
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Europe/Vienna:20260209T093000
DTEND;TZID=Europe/Vienna:20260209T120500
DTSTAMP:20260510T043533
CREATED:20251023T114122Z
LAST-MODIFIED:20251023T114122Z
UID:10000569-1770629400-1770638700@avoe.at
SUMMARY:EAA Web Session From Excel Tariff Calculators to LLM-Powered Python Code
DESCRIPTION:Excel-based tariff calculators remain a cornerstone of actuarial work in life insurance\, but they come with well-known limitations: complex formulas and embedded VBA code\, a lack of transparency\, and difficulties in scaling or integrating with modern IT environments. For actuarial migrations and product validations\, these tools are still widely used – yet they are also one of the main bottlenecks when it comes to efficiency and reproducibility.\nRecent advances in Large Language Models (LLMs) provide new opportunities to overcome these challenges. Instead of manually rewriting legacy Excel logic\, actuaries can now use LLMs to automatically port existing tariff calculators into structured\, well-tested Python code. This enables reproducibility\, improves maintainability\, and opens the door for automation in future\nactuarial workflows.\nIn this web session\, we will showcase two complementary approaches to this task. The first approach is a “crafted” workflow\, where actuaries interact directly with the LLM using screenshots\, formulas\, and VBA modules to achieve a working Python prototype within a short time. The second approach is an “industrial” workflow\, designed for repeatability and automation\, where Excel structures are systematically exported into text formats and processed end-to-end by the LLM. Both approaches will be illustrated with a real-life life insurance example\, highlighting their strengths\, limitations\, and practical implications.\nParticipants will not only see how LLMs can handle complex actuarial logic\, but also how such methods can reduce manual effort\, accelerate migration projects\, and prepare actuarial teams for a future where AI becomes a natural part of actuarial toolchains. The session bridges the gap between everyday actuarial work in Excel and modern coding environments\, showing how actuaries can leverage LLMs to make the transition both approachable and scalable.
URL:https://avoe.at/event/eaa-web-session-from-excel-tariff-calculators-to-llm-powered-python-code/
LOCATION:Online/Streaming
CATEGORIES:European Actuarial Academy (EAA)
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Europe/Vienna:20260203T100000
DTEND;TZID=Europe/Vienna:20260203T120000
DTSTAMP:20260510T043533
CREATED:20251023T110447Z
LAST-MODIFIED:20251023T110447Z
UID:10000567-1770112800-1770120000@avoe.at
SUMMARY:AI in Insurance: Strategic Imperative & The Actuary’s New Frontier
DESCRIPTION:The insurance industry is undergoing a profound transformation\, driven by the integration of\nArtificial Intelligence (AI) technologies across the entire value chain. From underwriting and pricing to claims handling and customer interaction\, AI is reshaping traditional processes and enabling insurers to operate with greater speed\, precision\, and insight. As AI becomes a strategic lever for sustainable value creation\, insurers must address not only technical implementation but also governance\, regulatory compliance\, and ethical considerations.\nThis transformation creates a pivotal opportunity for actuaries. With their deep expertise in the insurance business\, data and risk modeling\, and the regulatory landscape\, actuaries are\nuniquely positioned to lead AI initiatives. Their role is evolving – from traditional tasks such as valuation and reserving to becoming key enablers of AI-driven innovation. Crucially\, actuaries can drive AI-powered solutions not only within their core actuarial functions but also across the entire organization. By bridging the gap between data science and business strategy\, they ensure that AI solutions are technically robust\, aligned with business objectives\, and compliant with regulatory expectations. Now is the time for actuaries to embrace this expanded role and actively shape the future of insurance.
URL:https://avoe.at/event/ai-in-insurance-strategic-imperative-the-actuarys-new-frontier/
LOCATION:Online/Streaming
CATEGORIES:European Actuarial Academy (EAA)
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Europe/Vienna:20260202T100000
DTEND;TZID=Europe/Vienna:20260202T120000
DTSTAMP:20260510T043533
CREATED:20251023T131836Z
LAST-MODIFIED:20251023T131836Z
UID:10000576-1770026400-1770033600@avoe.at
SUMMARY:EAA Web Session Volatility Adjustment under Solvency II
DESCRIPTION:The Volatility Adjustment is a key component of the Solvency II prudential framework with a significant impact on the EU sector. This session aims at explaining the evolution of the VA under the current formula versus the new formula following the new SII directive applicable as from 30/01/27. We will explore on how the deficiencies have been addressed and how undertakings can prepare be “VA proof” for 2027. We will also focus on how to manage basis risk coming from the VA as part of the ORSA.
URL:https://avoe.at/event/eaa-web-session-volatility-adjustment-under-solvency-ii-5/
LOCATION:Online/Streaming
CATEGORIES:European Actuarial Academy (EAA)
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Europe/Vienna:20260202T100000
DTEND;TZID=Europe/Vienna:20260202T120000
DTSTAMP:20260510T043533
CREATED:20251023T102928Z
LAST-MODIFIED:20251023T102928Z
UID:10000565-1770026400-1770033600@avoe.at
SUMMARY:EAA Web Session 'Volatility Adjustment under Solvency II'
DESCRIPTION:The Volatility Adjustment is a key component of the Solvency II prudential framework with a significant impact on the EU sector. This session aims at explaining the evolution of the VA under the current formula versus the new formula following the new SII directive applicable as from 30/01/27. We will explore on how the deficiencies have been addressed and how undertakings can prepare be “VA proof” for 2027. We will also focus on how to manage basis risk coming from the VA as part of the ORSA.
URL:https://avoe.at/event/eaa-web-session-volatility-adjustment-under-solvency-ii-4/
LOCATION:Online/Streaming
CATEGORIES:European Actuarial Academy (EAA)
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Europe/Vienna:20260128T100000
DTEND;TZID=Europe/Vienna:20260128T120000
DTSTAMP:20260510T043533
CREATED:20251204T214031Z
LAST-MODIFIED:20251204T214031Z
UID:10000606-1769594400-1769601600@avoe.at
SUMMARY:EAA Web Session 'Worldwide Mortality: From Historical Trends to Future Projections'
DESCRIPTION:Life expectancy is a key metric for understanding mortality trends and it varies widely depending on factors such as age\, gender and geography. During this websession\, we will delve into the latest research and data on mortality trends and explore how they have changed over time. Since the middle of the 20th century\, world-wide mortality has steadily improved\, but not at the same rate in all regions\, so that clear differences can be recognised between countries. In some OECD – countries\, there has even been a recent decline in mortality improvement\, and the COVID-19 pandemic has at least temporarily reinforced this trend.\nAnmeldeschluss: 2026-01-25\nLink: https://actuarial-academy.com/seminars/seminar?No=E0525
URL:https://avoe.at/event/eaa-web-session-worldwide-mortality-from-historical-trends-to-future-projections-3/
LOCATION:Online/Streaming
CATEGORIES:European Actuarial Academy (EAA)
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Europe/Vienna:20260128T100000
DTEND;TZID=Europe/Vienna:20260128T120000
DTSTAMP:20260510T043533
CREATED:20251204T213457Z
LAST-MODIFIED:20251204T213457Z
UID:10000605-1769594400-1769601600@avoe.at
SUMMARY:EAA Web Session 'Worldwide Mortality: From Historical Trends to Future Projections'
DESCRIPTION:Life expectancy is a key metric for understanding mortality trends and it varies widely depending on factors such as age\, gender and geography. During this websession\, we will delve into the latest research and data on mortality trends and explore how they have changed over time. \nSince the middle of the 20th century\, world-wide mortality has steadily improved\, but not at the same rate in all regions\, so that clear differences can be recognised between countries. In some OECD – countries\, there has even been a recent decline in mortality improvement\, and the COVID-19 pandemic has at least temporarily reinforced this trend.\nWe analyse different age groups\, their causes of death and how they coincide with mortality developments. In addition to that\, we will discuss the drivers behind changes in mortality\, such as advances in medicine and public health\, changes in lifestyle and socioeconomic factors. \nUnderstanding the various drivers of mortality is essential for predicting future trends and consequently for the assessment of the biometric risk in life- and pension insurance. \nOur online training will also explore the implications of changing life expectancies for our work as actuaries. We will discuss how we can use data and analysis to better understand these changes and make informed decisions about the future. In this context\, we also outline the strengths and limitations of the Lee-Carter model as a widely used model for predicting future mortality rates. \nLast but not least\, we discuss general uncertainties around future mortality\, where we focus especially on the demographic and geographical factors analysed in the first part of the lecture. \nAnmeldeschluss: 2026-01-26\nLink: https://actuarial-academy.com/seminars/seminar?No=E0525
URL:https://avoe.at/event/eaa-web-session-worldwide-mortality-from-historical-trends-to-future-projections-2/
LOCATION:Online/Streaming
CATEGORIES:European Actuarial Academy (EAA)
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Europe/Vienna:20251210T100000
DTEND;TZID=Europe/Vienna:20251210T120000
DTSTAMP:20260510T043533
CREATED:20250628T111931Z
LAST-MODIFIED:20250628T111931Z
UID:10000547-1765360800-1765368000@avoe.at
SUMMARY:EAA Web Session 'GenAI Beyond the Basics: Advanced Concepts for Actuaries'
DESCRIPTION:The aim of this web session is to equip participants with the knowledge and practical skills needed to apply advanced GenAI concepts in actuarial contexts. By the end of the session\, participants will be able to:\n-Understand how to interact with GenAI tools programmatically through APIs.\n-Customize LLMs using fine-tuning techniques to address domain-specific requirements.\n-Combine external data with LLMs through Retrieval-Augmented Generation to produce contextually relevant outputs.\n-Leverage Function Calling capabilities to trigger the execution of predefined functions in the underlying programming language\, such as calculations or database queries.\n-Generate structured outputs in JSON format to ensure compatibility of the responses with actuarial processes and systems.\n-Apply Python programming skills to develop and integrate GenAI-powered solutions into actuarial workflows.\nThe session strikes a balance between conceptual understanding and hands-on programming\, providing participants with tools to enhance the accuracy\, efficiency\, and creativity of their actuarial work.\nAnmeldeschluss: 2025-12-08\nLink: https://actuarial-academy.com/seminars/seminar?No=E0528
URL:https://avoe.at/event/eaa-web-session-genai-beyond-the-basics-advanced-concepts-for-actuaries-2/
LOCATION:Online/Streaming
CATEGORIES:European Actuarial Academy (EAA)
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Europe/Vienna:20251201T090000
DTEND;TZID=Europe/Vienna:20251202T154500
DTSTAMP:20260510T043533
CREATED:20250628T111631Z
LAST-MODIFIED:20250628T111631Z
UID:10000546-1764579600-1764690300@avoe.at
SUMMARY:EAA Web Session 'CERA 0: A Refresher Course in Financial Mathematics and Risk Measurement'
DESCRIPTION:The web session gives an introduction to modern financial mathematics and derivative pricing. It is designed to prepare actuaries without adequate training in these fields for the quantitative parts of the CERA education. The web session is moreover an ideal learning opportunity for actuaries who want to become acquainted with or refresh their knowledge in these highly relevant fields.\nAnmeldeschluss: 2025-11-27\nLink: https://actuarial-academy.com/cera/seminar?No=E0515
URL:https://avoe.at/event/eaa-web-session-cera-0-a-refresher-course-in-financial-mathematics-and-risk-measurement/
LOCATION:Online/Streaming
CATEGORIES:European Actuarial Academy (EAA)
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Europe/Vienna:20251124T090000
DTEND;TZID=Europe/Vienna:20251124T121500
DTSTAMP:20260510T043533
CREATED:20250820T191002Z
LAST-MODIFIED:20250820T191002Z
UID:10000556-1763974800-1763986500@avoe.at
SUMMARY:EAA Web Session 'Solvency II Review: Framework Approaches Finalisation'
DESCRIPTION:When entering into force on 30 January 2027 the complete Solvency II framework i.e.\nDelegated Regulation\, Technical Standards and Guidelines needs to be available. The goal of this web session is to provide an overview of the current stage of development focussing on actuarial and risk management issues. \nThe IRRD requires the establishment of a resolution authority and thereby extends the scope of supervision. The related framework and its implications will be discussed as well. \nThis web session will deal with the following topics:\n▪ The amended SII-Directive\n▪ SII: Proposed Delegated Regulation\, Technical Standards and Guidelines\n▪ The IRRD\n▪ IRRD: Proposed Technical Standards and Guidelines\nAnmeldeschluss: 2025-11-21\nLink: https://actuarial-academy.com/seminars/seminar?No=E0537
URL:https://avoe.at/event/eaa-web-session-solvency-ii-review-framework-approaches-finalisation/
LOCATION:Online/Streaming
CATEGORIES:European Actuarial Academy (EAA)
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Europe/Vienna:20251120T093000
DTEND;TZID=Europe/Vienna:20251120T124500
DTSTAMP:20260510T043533
CREATED:20250505T150008Z
LAST-MODIFIED:20250505T150008Z
UID:10000540-1763631000-1763642700@avoe.at
SUMMARY:EAA Web Session 'Quantifying the Prospective Impact of Air Pollution on Mortality'
DESCRIPTION:This lecture will aim to understand the current and future effects of air pollution\, particularly on mortality\, and its impact on insurance activities. The lecture will also provide participants with tools to reimplement their own model to integrate environmental factors into risk analysis and challenge conventional assumptions. \nThe lecture will provide the ability to reach several objectives such as: \n– Understanding the close link between climate change\, air pollution\, and current and future insurance risks\,\n– Reviewing the regulatory texts on environmental issues\,\n– Proposing a state of the art review of open-source data for the study of air pollution.\n– Introducing the theory used for fine-scale temporal and spatial modelling\,\n– The quantitative translation of an air pollutant concentration measurement into an impact on mortality\,\n– Raising awareness of the importance of using forward-looking scenarios in insurance risk assessment. \nThe lecture is built around a mixed approach combining contextual and regulatory presentations\, theoretical insights\, and intuitive use cases. Learning will be progressive and interactive to hopefully ensure a full understanding of the topic.\nAnmeldeschluss: 2025-11-19
URL:https://avoe.at/event/eaa-web-session-quantifying-the-prospective-impact-of-air-pollution-on-mortality/
LOCATION:Online/Streaming
CATEGORIES:European Actuarial Academy (EAA)
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Europe/Vienna:20251119T090000
DTEND;TZID=Europe/Vienna:20251119T133000
DTSTAMP:20260510T043533
CREATED:20250505T145748Z
LAST-MODIFIED:20250505T145748Z
UID:10000539-1763542800-1763559000@avoe.at
SUMMARY:EAA Web Session 'Stochastic Projection Models in Life Insurance'
DESCRIPTION:With the introduction of new accounting frameworks\, the corresponding alignment of planning and performance management and with the increasing need for sophisticated asset liability management\, the stochastic assessment of risk and value in connection with participating life insurance portfolios has become the industry standard over the last decade. The underlying basis for such an assessment is a cash flow projection model\, simulating the way the life insurance undertaking is working and reflecting it by projecting local GAAP balance sheets and income statements. Due to the complexity associated with such calculations\, simplifications are required especially regarding the modelling of the insurance contracts to meet operational and technical constraints. Therefore\, it has become an area of actuarial research to develop methodologies that allow stochastic cash flow models to achieve results of adequate accuracy based on acceptable run times with affordable IT capabilities.\nAnmeldeschluss: 2025-11-17
URL:https://avoe.at/event/eaa-web-session-stochastic-projection-models-in-life-insurance/
LOCATION:Online/Streaming
CATEGORIES:European Actuarial Academy (EAA)
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Europe/Vienna:20251113T093000
DTEND;TZID=Europe/Vienna:20251113T130000
DTSTAMP:20260510T043533
CREATED:20250505T150346Z
LAST-MODIFIED:20250505T150346Z
UID:10000541-1763026200-1763038800@avoe.at
SUMMARY:EAA Web Session 'Emerging Risks: Statistical Analysis and Scenario Building'
DESCRIPTION:In a context of widespread instability\, the actuarial analysis of emerging risks takes on particular importance to facilitate the adaptation of insurance to these profound changes. Whether it be old risks with poorly anticipated consequences (such as the epidemiological risk\, as demonstrated by the recent Covid-19 crisis\, whose consequences can significantly exceed purely healthcare boundaries)\, risks undergoing strong and worrying evolution (such as climate risk)\, or more recent risks (such as cyber risk)\, the task of actuaries is particularly delicate. The lack of data is notably a hindrance to a rigorous approach to these important questions. This session aims to lay the groundwork for a scientific approach to this problem and to introduce some tools for discussing the insurability of these new risks.\nAnmeldeschluss: 2025-11-11
URL:https://avoe.at/event/eaa-web-session-emerging-risks-statistical-analysis-and-scenario-building-2/
LOCATION:Online/Streaming
CATEGORIES:European Actuarial Academy (EAA)
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Europe/Vienna:20251112T100000
DTEND;TZID=Europe/Vienna:20251112T120000
DTSTAMP:20260510T043533
CREATED:20250508T172855Z
LAST-MODIFIED:20250508T172855Z
UID:10000543-1762941600-1762948800@avoe.at
SUMMARY:EAA Web Session 'Applying and Governing AI Applications\, Including an Assessment of their Implications within the Actuarial Work'
DESCRIPTION:The online seminar will explore selected AI applications relevant to the actuarial profession\, focusing not only on potential use cases but also on how actuaries can responsibly design\, validate\, and monitor AI models. Participants will learn how to build compelling business cases for AI initiatives and understand where actuarial expertise offers unique value in ensuring model quality\, transparency\, and alignment with ethical and regulatory standards. By combining technical actuarial skills with a deep understanding of AI methodologies\, actuaries can play a key role in shaping and governing AI solutions\, thereby creating significant value in a rapidly evolving landscape.\nAnmeldeschluss: 2025-11-10
URL:https://avoe.at/event/eaa-web-session-applying-and-governing-ai-applications-including-an-assessment-of-their-implications-within-the-actuarial-work/
LOCATION:Online/Streaming
CATEGORIES:European Actuarial Academy (EAA)
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Europe/Vienna:20251105T090000
DTEND;TZID=Europe/Vienna:20251105T123000
DTSTAMP:20260510T043533
CREATED:20250628T112839Z
LAST-MODIFIED:20250628T112839Z
UID:10000549-1762333200-1762345800@avoe.at
SUMMARY:EAA Web Session 'Assets and Liabilities Management Part 2: Advanced'
DESCRIPTION:For an insurance company\, ensuring the proper coordination between assets and liabilities in order to achieve targeted financial objectives is of paramount interest. A strategy used to reach such objectives is „asset and liability management“ (ALM in short). ALM can therefore be viewed as any ongoing process that defines\, implements\, and monitors financial strategies to manage assets and liabilities together. \nIn recent years\, the modelling tools used in ALM strategies have become increasingly sophisticated and the technical aspects of current insurance regulation have increased. As a result\, some ALM aspects have become more and more difficult to understand and master.\nAnmeldeschluss: 2025-11-03\nLink: https://actuarial-academy.com/seminars/seminar?No=E0518
URL:https://avoe.at/event/eaa-web-session-assets-and-liabilities-management-part-2-advanced-3/
LOCATION:Online/Streaming
CATEGORIES:European Actuarial Academy (EAA)
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Europe/Vienna:20251103T100000
DTEND;TZID=Europe/Vienna:20251103T120000
DTSTAMP:20260510T043533
CREATED:20250417T160003Z
LAST-MODIFIED:20250417T160003Z
UID:10000533-1762164000-1762171200@avoe.at
SUMMARY:EAA Web Session 'Addressing Class Imbalance in Machine Learning'
DESCRIPTION:In both life and general insurance\, many predictive modelling tasks involve outcomes that occur infrequently—such as policy lapses\, claims\, or fraud. This leads to class imbalance\, a situation where the target variable’s classes are not represented equally in the data\, often with one class (e.g. policy lapse) being vastly outnumbered by the other. If not properly addressed\, class imbalance can result in misleading classification models that overlook rare but critical events.\nAnmeldeschluss: 2025-10-30\nLink: https://actuarial-academy.com/seminars/seminar?No=E0523
URL:https://avoe.at/event/eaa-web-session-addressing-class-imbalance-in-machine-learning/
LOCATION:Online/Streaming
CATEGORIES:European Actuarial Academy (EAA)
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Europe/Vienna:20251030T140000
DTEND;TZID=Europe/Vienna:20251030T161500
DTSTAMP:20260510T043533
CREATED:20250709T090321Z
LAST-MODIFIED:20250709T090321Z
UID:10000555-1761832800-1761840900@avoe.at
SUMMARY:EAA Web Session 'Machine Learning Finance for Pension Funds with Examples'
DESCRIPTION:In general\, machine learning (ML) is the study of algorithms that improve through experience. These algorithms or models can make systematic\, repeatable\, validated decisions based on historical data. ML has come a long way in recent years\, which is reflected in the methods available for time series forecasting (they are also important for assessing parameters for different kinds of liability provisions). \nTherefore\, this type of analysis can help actuaries and members of pension fund boards of trustees to accurately assess different kinds of pension fund parameters for assets and liabilities and to prepare any kind of forecasts. Visualizing the evolution of pension fund parameters and forecasting them will help the board of trustees explain how to adjust them in the actuarial provision or what to expect in their future evolution. \nFor this workshop\, several examples for analyzing and providing such assumptions will be prepared and explained. Many useful visualization techniques will be presented with practical examples (via Python).\nAnmeldeschluss: 2025-10-28\nLink: https://actuarial-academy.com/seminars/seminar?No=E0530
URL:https://avoe.at/event/eaa-web-session-machine-learning-finance-for-pension-funds-with-examples/
LOCATION:Online/Streaming
CATEGORIES:European Actuarial Academy (EAA)
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Europe/Vienna:20251027T100000
DTEND;TZID=Europe/Vienna:20251027T120000
DTSTAMP:20260510T043533
CREATED:20250417T161003Z
LAST-MODIFIED:20250417T161003Z
UID:10000535-1761559200-1761566400@avoe.at
SUMMARY:EAA Web Session 'Risk Aggregation and Capital Allocation: From Calibration to Application and Beyond'
DESCRIPTION:This web session focuses on the aggregation of individual risks to the overall level of an insurance company. To achieve this\, we apply both deterministic and stochastic copula-based approaches\, along with key risk measures such as Value-at-Risk (VaR) and Expected Shortfall (ES). The outcome of this process is the capital requirement\, which must be covered by the company’s own funds—a limited and costly resource that necessitates careful management. \nAgainst this backdrop\, we explore risk steering methods that support economically sound decision-making\, addressing key questions such as: \nHow can we impose effective risk limits for business segments?\nHow can we identify value-enhancing and value-reducing business segments in the context of the firm’s overall risk profile?\nHow can we make informed decisions on risk mitigation tools?\nHow can we incorporate the cost of capital into insurance pricing?\nA fundamental concept underlying all these questions is capital allocation\, and specifically the gradient (Euler) capital allocation principle. The principle is directly linked to “marginal capital requirements” and is compatible with the performance measures mentioned above. \nHowever\, the proper implementation of capital allocation in risk management\, risk limiting\, and decision making often imposes significant challenges. On the computational side\, the gradient allocation principle requires determining the derivative of the risk measure—typically Value-at-Risk or Expected Shortfall—with respect to business volumes or other decision variables. Obtaining these derivatives is numerically challenging\, especially when risk measurement relies on Monte Carlo simulations. We demonstrate methods to enhance the stability of these estimations\, such as kernel estimation. In addition\, the allocation has the limitation of accounting only for the risk diversification effects of the current portfolio\, which can easily become invalid if the portfolio changes… more details on the website\nAnmeldeschluss: 2025-10-24\nLink: https://actuarial-academy.com/seminars/seminar?No=E0512
URL:https://avoe.at/event/eaa-web-session-risk-aggregation-and-capital-allocation-from-calibration-to-application-and-beyond/
LOCATION:Online/Streaming
CATEGORIES:European Actuarial Academy (EAA)
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Europe/Vienna:20251023T100000
DTEND;TZID=Europe/Vienna:20251023T120000
DTSTAMP:20260510T043533
CREATED:20251023T103932Z
LAST-MODIFIED:20251023T103932Z
UID:10000566-1761213600-1761220800@avoe.at
SUMMARY:Worldwide Mortality: From Historical Trends to Future Projections
DESCRIPTION:Life expectancy is a key metric for understanding mortality trends and it varies widely\ndepending on factors such as age\, gender and geography. During this websession\, we will delve\ninto the latest research and data on mortality trends and explore how they have changed over\ntime.\nSince the middle of the 20th century\, world-wide mortality has steadily improved\, but not at the\nsame rate in all regions\, so that clear differences can be recognised between countries. In some\nOECD – countries\, there has even been a recent decline in mortality improvement\, and the\nCOVID-19 pandemic has at least temporarily reinforced this trend.\nWe analyse different age groups\, their causes of death and how they coincide with mortality\ndevelopments. In addition to that\, we will discuss the drivers behind changes in mortality\, such\nas advances in medicine and public health\, changes in lifestyle and socioeconomic factors.\nUnderstanding the various drivers of mortality is essential for predicting future trends and\nconsequently for the assessment of the biometric risk in life- and pension insurance.\nOur online training will also explore the implications of changing life expectancies for our work\nas actuaries. We will discuss how we can use data and analysis to better understand these\nchanges and make informed decisions about the future. In this context\, we also outline the\nstrengths and limitations of the Lee-Carter model as a widely used model for predicting future\nmortality rates.\nLast but not least\, we discuss general uncertainties around future mortality\, where we focus\nespecially on the demographic and geographical factors analysed in the first part of the lecture.
URL:https://avoe.at/event/worldwide-mortality-from-historical-trends-to-future-projections/
LOCATION:Online/Streaming
CATEGORIES:European Actuarial Academy (EAA)
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Europe/Vienna:20251023T100000
DTEND;TZID=Europe/Vienna:20251023T120000
DTSTAMP:20260510T043533
CREATED:20250418T100729Z
LAST-MODIFIED:20250418T100729Z
UID:10000536-1761213600-1761220800@avoe.at
SUMMARY:EAA Web Session 'Modern Capital Market Concepts for Life and Pension Products'
DESCRIPTION:Due to the recent shifts in capital markets and a stricter regulatory environment\, insurers need to rethink their product offerings to stay ahead of the competition and offer life and savings solutions well suited to the various requirements of policyholders. This includes the need for capital guarantees in combination with strong performance engines and the focus on new and alternative asset classes as underlying for insurance policies.\nAnmeldeschluss: 2025-10-21\nLink: https://actuarial-academy.com/seminars/seminar?No=E0506
URL:https://avoe.at/event/eaa-web-session-modern-capital-market-concepts-for-life-and-pension-products/
LOCATION:Online/Streaming
CATEGORIES:European Actuarial Academy (EAA)
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Europe/Vienna:20251022T090000
DTEND;TZID=Europe/Vienna:20251022T121500
DTSTAMP:20260510T043533
CREATED:20250418T100939Z
LAST-MODIFIED:20250418T100939Z
UID:10000537-1761123600-1761135300@avoe.at
SUMMARY:EAA Web Session 'Intergenerational Fairness and Pensions'
DESCRIPTION:Pension funds link generations simply by the time scale of their transactions. Participants pay pension contributions for decades so that getting benefits after retirement\, hopefully again for decades. During the course of their career new cohorts start their working life\, so there is always active and retired living side-by-side. One group is only paying into the fund and so accruing pension rights\, while the other is getting benefit payments from the fund. While this description sounds simple\, their relationship is far from that. All the important external determinant factors\, being economic or demographic or legal\, will change in such a long period of time. These factors change the financial sustainability or benefit adequacy of the pension fund and so favour one group of the members to the others.\nAnmeldeschluss: 2025-10-20\nLink: https://actuarial-academy.com/seminars/seminar?No=E0513
URL:https://avoe.at/event/eaa-web-session-intergenerational-fairness-and-pensions/
LOCATION:Online/Streaming
CATEGORIES:European Actuarial Academy (EAA)
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Europe/Vienna:20251021T093000
DTEND;TZID=Europe/Vienna:20251021T130000
DTSTAMP:20260510T043533
CREATED:20250417T160239Z
LAST-MODIFIED:20250417T160239Z
UID:10000534-1761039000-1761051600@avoe.at
SUMMARY:EAA Web Session 'Climate Change Scenarios: Application\, Evolution\, and Reporting'
DESCRIPTION:Climate Risk scenarios are commonly used in the insurance industry for stress testing\, but interpreting and communicating results is often challenging\, given strong limitations and complex assumptions. This session will provide practical guidance on stress testing application in the ORSA context\, focusing on financial risks\, and provide context and foundations necessary in order to communicate and interpret the results. We will discuss key evolutions in recent years with a particular emphasis on NGFS scenarios and the modelling of physical risks.\nAnmeldeschluss: 2025-10-19\nLink: https://actuarial-academy.com/seminars/seminar?No=E0521
URL:https://avoe.at/event/eaa-web-session-climate-change-scenarios-application-evolution-and-reporting/
LOCATION:Online/Streaming
CATEGORIES:European Actuarial Academy (EAA)
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Europe/Vienna:20251015T093000
DTEND;TZID=Europe/Vienna:20251015T130000
DTSTAMP:20260510T043533
CREATED:20250415T082937Z
LAST-MODIFIED:20250415T082937Z
UID:10000532-1760520600-1760533200@avoe.at
SUMMARY:EAA Web Session 'A Practical Guide to RAG & Techniques'
DESCRIPTION:In the continuously evolving landscape of Artificial Intelligence (AI)\, Retrieval Augmented Generation (RAG) has emerged as a disruptive technology transforming how we interact with AI systems. RAG combines the strengths of information retrieval and Large Language Models to create powerful applications that can access and use vast amounts of data to generate contextually relevant and informative responses. This web session is designed to equip actuarial professionals with a solid understanding of RAG and its practical applications in the actuarial field. The session will be split into a theoretical deep dive and a hands-on session. Participants will discover the theory behind RAG and its core components\, including the key role played by vectors and vector stores\, and explore advanced engineering techniques that drive superior performance\, such as query decomposition\, re-ranking\, prompt engineering\, and agents.\nAnmeldeschluss: 2025-10-13\nLink: https://actuarial-academy.com/seminars/seminar?No=E0509
URL:https://avoe.at/event/eaa-web-session-a-practical-guide-to-rag-techniques/
LOCATION:Online/Streaming
CATEGORIES:European Actuarial Academy (EAA)
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Europe/Vienna:20251008T090000
DTEND;TZID=Europe/Vienna:20251010T123000
DTSTAMP:20260510T043533
CREATED:20250628T113905Z
LAST-MODIFIED:20250628T113905Z
UID:10000550-1759914000-1760099400@avoe.at
SUMMARY:EAA Web Session 'Assets and Liabilities Management Part 1: Introduction'
DESCRIPTION:This ALM training starts with a first part that is primarily an introduction to main concepts of ALM and is therefore particularly suited for participants coming from different departments (for instance\, people dealing with own risk solvency assessment techniques or enterprise risk management) and wanting to develop a broader view on what ALM is and how it works. It is also well suited for newcomers or people wanting to refresh their mind on these concepts. Note that the training is not limited to people working in ALM or treasury departments but is also adapted to other departments.\nAnmeldeschluss: 2025-10-06\nLink: https://actuarial-academy.com/seminars/seminar?No=E0517
URL:https://avoe.at/event/eaa-web-session-assets-and-liabilities-management-part-1-introduction-2/
LOCATION:Online/Streaming
CATEGORIES:European Actuarial Academy (EAA)
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Europe/Vienna:20250929T090000
DTEND;TZID=Europe/Vienna:20250930T170000
DTSTAMP:20260510T043533
CREATED:20250411T104858Z
LAST-MODIFIED:20250411T104858Z
UID:10000527-1759136400-1759251600@avoe.at
SUMMARY:EAA Web Session 'Open-Source Tools R and Python: Extending the Toolbox of the Actuary'
DESCRIPTION:Over the last years\, typical data science tasks like data manipulation and modelling have gained a stronger foothold in the day-to-day professional life of the actuary. Open-source languages are renowned to be especially equipped to deal with these kinds of tasks\, but can also be tricky to get started with\, especially when one has not been properly introduced to them. This workshop offers the opportunity to become more familiar with the open-source environment and its applications\, illustrated in detail by means of a number of hands-on modules\, thereby enabling the actuary to tackle the data science tasks in an elegant manner.\nAnmeldeschluss: 2025-09-25\nLink: https://actuarial-academy.com/seminars/seminar?No=E0510
URL:https://avoe.at/event/eaa-web-session-open-source-tools-r-and-python-extending-the-toolbox-of-the-actuary-2/
LOCATION:Online/Streaming
CATEGORIES:European Actuarial Academy (EAA)
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Europe/Vienna:20250923T100000
DTEND;TZID=Europe/Vienna:20250923T120000
DTSTAMP:20260510T043533
CREATED:20250411T105029Z
LAST-MODIFIED:20250411T105029Z
UID:10000528-1758621600-1758628800@avoe.at
SUMMARY:EAA Web Session "IFRS 17 Risk Adjustment: Practical Approaches & Lessons Learned"
DESCRIPTION:This web session is designed to be valuable for participants affected by IFRS-reporting\, for example working as actuarial\, finance\, controlling or risk experts. It is also beneficial for those interested in gaining a deeper understanding of the practical application of this critical component of the standard. The session will provide insights and guidance on good practices for implementing the risk adjustment within the framework of IFRS 17.\nAnmeldeschluss: 2025-09-21\nLink: https://actuarial-academy.com/seminars/seminar?No=E0505
URL:https://avoe.at/event/eaa-web-session-ifrs-17-risk-adjustment-practical-approaches-lessons-learned-2/
LOCATION:Online/Streaming
CATEGORIES:European Actuarial Academy (EAA)
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Europe/Vienna:20250915T090000
DTEND;TZID=Europe/Vienna:20250919T170000
DTSTAMP:20260510T043533
CREATED:20250415T064916Z
LAST-MODIFIED:20250415T064916Z
UID:10000530-1757926800-1758301200@avoe.at
SUMMARY:EAA 'CERA\, Module B: Taxonomy\, Modelling and Mitigation of Risks' Veranstalter: EAA
DESCRIPTION:The web seminar focuses on quantitative analyses of financial and non-financial risks of an insurance company and the effect and possible applications of risk mitigation techniques. After an introduction to the economic valuation of an insurance company\, including stochastic valuation models and approximation techniques for life companies\, and the building blocks of its economic balance sheet\, the risk measure as well as the relevant regulatory requirements of Solvency II will be discussed. Different concepts of risk modelling covering from standard formula to fully internal models will be presented. \nMethods for modelling market\, credit\, operational and underwriting risks will be presented in detail. The discussion covers the risk definition and identification and how it can be distinguished from other risks. Qualitative and quantitative valuation approaches will be discussed – including scenario analyses\, stress tests\, deterministic and stochastic assessments. Furthermore\, crucial aspects of any model such as assumptions\, distributions\, calibration and validation are discussed\, as well as limitations and criteria for the adequacy of a model for solving a given problem. \nHaving introduced and discussed the risk modelling\, tools and techniques will be discussed that are available in the insurance business to mitigate these risks. That includes the discussion around the implications of reinsurance and securitisation as well as portfolio management. We will also present what life insurance companies subject to traditional with profit business can do to hedge their main risks. \nBoth elements\, risk modelling and measurement as well as risk mitigation\, are closely related and interact with each other\, what will be reflected in the topics presented and the structure of the seminar. \nThe consolidated view on risks in a company and an outlook on Group models close the course… read more on EAA website.\nAnmeldeschluss: 2025-09-12\nLink: https://actuarial-academy.com/cera/seminar?No=E0495
URL:https://avoe.at/event/eaa-cera-module-b-taxonomy-modelling-and-mitigation-of-risks-veranstalter-eaa/
LOCATION:Online/Streaming
CATEGORIES:European Actuarial Academy (EAA)
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Europe/Vienna:20250903T090000
DTEND;TZID=Europe/Vienna:20250905T170000
DTSTAMP:20260510T043533
CREATED:20250415T070740Z
LAST-MODIFIED:20250415T070740Z
UID:10000531-1756890000-1757091600@avoe.at
SUMMARY:EAA Web Session 'Actuarial Data Science - Completion'
DESCRIPTION:This is part four of four courses required to obtain the EAA Certificate in Actuarial Data Science. To earn the certificate\, participants must complete all four modules\, which include both the seminar and the exam. Members of AVÖ and/or DAV will obtain the additional title Certified Actuarial Data Scientist (by AVÖ and/or DAV) by fulfilling the same requirements. \nFurthermore\, all courses are open to interested actuaries to deepen their knowledge and skills in the field of Actuarial Data Science (without exams). \nDue to technological progress in connection with Data Science and Digitalization\, summarized under the buzzword Big Data\, a plethora of opportunities and challenges for the industry is arising. \nTechnological developments have now also reached the insurance industry and thus have a direct impact on the working world of actuaries. \nUnder the heading Actuarial Data Science\, the procedures and methods of data mining are embedded in the actuarial context. These range from mathematics-driven statistical methods for derivation of insights from data to computation-driven methods sometimes summarized as machine learning. As a result of almost unlimited computing capacity through cloud computing and wide availability of training data\, tried and tested methods of machine learning\, such as artificial neural networks\, are experiencing a renaissance in theory and practice. \nThis web session is the fourth part of a four-part series at the German Actuarial Association (DAV). In this online training\, we will expand on and deepen some of the topics already known from the basic\, advanced and immersion seminar\, discussing further important techniques in the context of deep learning and data storage. It is based on the learning objectives of the DAV for Actuarial Data Science Immersion\, which is part of the actuarial training in Germany.\nAnmeldeschluss: 2025-09-02\nLink: https://actuarial-academy.com/seminars/seminar?No=E0470
URL:https://avoe.at/event/eaa-web-session-actuarial-data-science-completion/
LOCATION:Online/Streaming
CATEGORIES:European Actuarial Academy (EAA)
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Europe/Vienna:20250616T090000
DTEND;TZID=Europe/Vienna:20250618T134500
DTSTAMP:20260510T043533
CREATED:20250407T101113Z
LAST-MODIFIED:20250407T101113Z
UID:10000522-1750064400-1750254300@avoe.at
SUMMARY:EAA Web Session 'Non-Life Pricing Using Machine Learning Techniques with R Applications''
DESCRIPTION:Non-Life insurance is facing many challenges ranging from fierce competition in the market or evolution in the distribution channel used by consumers to evolution of the regulatory environment. \nPricing is the central link between solvency\, profitability and market shares (volume). Improving pricing practice encompasses several dimensions: \n– Technical: is our pricing adequate to cover the underlying cost of risk of my policyholders and the other costs we are facing? Which are the key variables driving the risk? Are they adequately taken into account in our pricing? What’s the impact of the claims history of my policyholder on its expected risk? In which segment are we profitable and in which are we not profitable?\n– Competition: at what price will we attract the segments that we target and price out those that we do not want? Is the positioning of our competitors influencing our pricing practice and our profitability? What’s my position with respect to my competitors in terms of pricing? What are the segments in which I am well positioned and the segments where I am not well positioned?\n– Elasticity: what price (evolution) are our existing customers prepared to accept? Does the sensitivity to price evolution depend on the profile of my customer?\nSegmentation: is our segmentation granular enough for our purposes? \nThe aim of this web session is to present some advanced actuarial/statistical techniques used in non-life pricing\, competition analysis and profitability analysis. The web session focuses on some practical problems faced by pricing actuaries and product managers and presents some new techniques used in non-life pricing in order to open new perspectives for product development (competition analysis\, profitability analysis\,…). \nAnmeldeschluss: 2025-06-13
URL:https://avoe.at/event/eaa-web-session-non-life-pricing-using-machine-learning-techniques-with-r-applications-2/
LOCATION:Online/Streaming
CATEGORIES:European Actuarial Academy (EAA)
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Europe/Vienna:20250612T093000
DTEND;TZID=Europe/Vienna:20250612T130000
DTSTAMP:20260510T043533
CREATED:20250212T083223Z
LAST-MODIFIED:20250212T083223Z
UID:10000518-1749720600-1749733200@avoe.at
SUMMARY:EAA Web Session 'Intro to Conformal Prediction & Uncertainty in Actuarial Models'
DESCRIPTION:Quantifying Uncertainty in Actuarial Models: An Introduction to Conformal Prediction\nAs the actuarial landscape becomes increasingly data-driven\, traditional statistical methods are evolving\, linking point estimates with quantifiable uncertainty. Conformal Prediction is a powerful framework used to evaluate the uncertainty of predictions. It turns point predictions into prediction regions\, in this way\, when you make a prediction\, the output has probabilistic guarantees that it covers the true outcome. In this web session\, we will explore the theoretical foundations of Conformal Prediction\, its assumptions\, methodology\, and advantages over traditional approaches. Participants will see how this technique can be a disruptive innovation in risk assessment\, pricing\, reserving\, and forecasting by integrating uncertainty directly into predictions. The session is balanced between theory and hands-on activities\, offering real-world examples and code demonstrations in classification\, regression\, time series\, natural language processing (NLP)\, and computer vision\, all applied to challenges in the actuarial field. \nThe web session aims to equip actuarial professionals with the knowledge and skills behind Conformal Prediction\, improving the reliability and interpretability of their predictive models. By the end of the course\, participants will understand how to apply conformal methods to various types of data and leverage these techniques to improve decision-making processes in actuarial tasks.\nAnmeldeschluss: 2025-06-11\nLink: https://actuarial-academy.com/seminars/seminar?No=E0508
URL:https://avoe.at/event/eaa-web-session-intro-to-conformal-prediction-uncertainty-in-actuarial-models/
LOCATION:Online/Streaming
CATEGORIES:European Actuarial Academy (EAA)
END:VEVENT
END:VCALENDAR